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    238 Joy Wright Mt Rd Kilgore, TX 75662

    For Sale
    $499,000

    Prime Location, Dual Businesses

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a 3,000 square foot retail property situated on a highly visible 2-acre lot along the I-20 corridor in Kilgore, Texas. The property boasts two established businesses: a thriving 3,000 square foot liquor store, "Cork & Bottle," known for its loyal customer base, and a 1,900 square foot restaurant space ripe for redevelopment or lease. The combined square footage offers significant potential for expansion or diversification. The property's prime location ensures high traffic volume and excellent visibility, making it an ideal investment for a savvy entrepreneur seeking a turnkey operation with immediate income generation and substantial long-term growth potential. The existing liquor store provides a stable revenue stream, while the restaurant space presents a blank canvas for a new concept or a revitalization of an existing one. This dual-business property offers a unique opportunity to acquire a well-established business alongside a significant development opportunity, all within a single, strategically located parcel. The 2-acre lot provides ample space for future expansion or additional development, further enhancing the investment's long-term value. This is a rare chance to own a multi-faceted commercial property in a high-growth area.

    Property Features for 238 Joy Wright Mt Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.98744
    Latitude
    32.43583

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    FAQs

    What type of property is this?
    Retail property - Prime Location, Dual Businesses
    Where is this retail property located?
    The property is located at 238 Joy Wright Mt Rd Kilgore, TX.
    What is the asking price?
    The asking price for this property is $499,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    238 Joy Wright Mt Rd Kilgore, TX 75662
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